Rogo Raises $18.5 Million in Series A -

Rogo Raises $18.5 Million in Series A - October 2024

Executive Summary

Rogo is building Wall Street's first AI analyst platform, providing generative AI solutions specifically designed for investment banks, hedge funds, and private equity firms.

Funding Amount: $18.5 Million

Valuation: Undisclosed

Round Type: Series A

Announced: October 2024

Headquarters: New York, New York

Category: AI - Financial Services

About Rogo

Rogo was founded in 2021 and is headquartered in New York, New York.

Rogo is building Wall Street's first AI analyst platform, providing generative AI solutions specifically designed for investment banks, hedge funds, and private equity firms.

Funding Round Details

Investment Amount

Rogo successfully raised $18.5 Million in this Series A funding round.

Lead Investors & Participants

Khosla Ventures (Lead Investor): Leading venture capital firm focused on AI and transformative technologies. Keith Rabois led the deal and joined the board

AltCapital (Jack Altman) (New Investor): CEO of Lattice and founder of Altman Capital investing in the round

Eric Schmidt (Individual Investor): Former CEO of Google participating as strategic investor

Original Capital (New Investor): Venture capital firm joining the Series A

Mantis VC (The Chainsmokers) (New Investor): Venture fund backed by musical duo The Chainsmokers

AlleyCorp (Existing Investor): Early-stage venture capital firm continuing from previous rounds

BoxGroup (Existing Investor): Seed-stage venture capital firm

ScOp Venture Capital (Existing Investor): Continuing investor from earlier stages

Use of Funds

The $18.5 million Series A (bringing total funding to $26 million) will expand Rogo's AI analyst platform across more financial institutions, enhance capabilities for investment banking workflows, and grow the team to support adoption by hedge funds and private equity firms.

Key Metrics & Achievements

Total funding: $26 million
Deployed at 25+ leading financial firms
Emerged from stealth mode in early 2024
Leading vertical AI provider for financial services
Keith Rabois (Khosla Ventures) joined board of directors

Business Model

Rogo provides a specialized AI platform that acts as a virtual analyst for financial professionals. The platform understands financial terminology, models, and workflows, helping investment bankers, analysts, and portfolio managers conduct research, build models, and generate insights faster. Rogo likely charges annual platform fees based on user seats and usage.

Market Opportunity & Competition

Rogo competes in the emerging vertical AI market for financial services with companies like AlphaSense (public market intelligence), Bloomberg GPT (in development), and general-purpose AI tools being adapted for finance. Rogo differentiates through its deep integration with investment banking and hedge fund workflows and specialized financial AI models.

This fundraising report was announced on October 2024 and represents verified data from Crunchbase, Bloomberg, TechCrunch, and official company announcements.